At this time, the Locks Law Firm is open for business and is fully functional, despite the COVID-19 pandemic.

Most of our attorneys and staff members are working remotely and we are fully equipped to continue providing all services during this time of uncertainty. As each state's guidelines are updated, we will gradually be returning to work from our four offices. In the meantime, we would ask that you communicate with us by phone, email or fax and we will respond as quickly as possible. Please do not visit our offices at this time without first communicating with a staff member.

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One of the most prominent personal injury law firms in the tri-state region, the Locks Law Firm is steadfastly committed to protecting the rights of seriously injured victims.

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Exposure to asbestos has been directly linked with the development of malignant mesothelioma, lung and other forms of cancer, and asbestosis, a chronic inflammation of the lungs.

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Bank Overdraft Fees

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Overdraft fees are charged when a customer tries to make a purchase on a debit card or get cash from an ATM when they do not have enough money in their account to cover the transaction at the time, putting their account into a negative balance or overdraft.

The Consumer Financial Protection Bureau reported that in 2015: “The banks that reported consumer overdraft and NSF fee revenues for 2015 had a total of $3.87 trillion in consumer checking and savings account deposits..”

The confusion is that some banks provide overdraft protection without explicitly stating the terms.

For example, a customer might assume that they would be unable to complete a transaction on their debit card if the funds weren’t available in their account. When in reality, a bank approves the purchases and the customer is left with excessive overdraft fees. While the amount charged for an overdraft fee depends on the bank the national average is $35 per overdraft.

Not only can you be hit with an overdraft fee that is larger than the cost of the item you are attempting to purchase, but the number of overdraft fees you can be charged varies from bank to bank, too. Some banks will cap the max fees and issue an overdraft one time per business day, regardless of the amount of attempts, while others can charge up to 7 times in a single day, potentially totaling up to $245 in overdraft fees in a single day.

According to a Consumer Protection Report published by the US Public Interest Research Group (US PIRG) in 2016:

"The 10 banks that collected the most overdraft revenue through the first three quarters of 2016, in order, were: Chase Bank, Wells Fargo, Bank of America, TD Bank, US Bank, PNC Bank, Suntrust Bank, Regions Bank, Branch Banking and Trust, and Woodforest National Bank."

These fees can also be charged by other financial institutions, like credit unions, and it is important to keep track of your accounts to avoid overdraft fees and make sure any fees that you are charged comply with terms of your agreement with the bank.

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Locks Law Firm only provides legal advice after having entered into an attorney client relationship, which our website specifically does not create. Conversations that originate from website messaging, chat or other two way web based engagement do not create an attorney client relationship. It is imperative that any action taken be done on the advice of counsel. Because every case is different, the description of awards and cases previously handled do not guarantee a similar outcome in current or future cases. The firm practices law in Pennsylvania, New Jersey & New York as Locks Law Firm. Super Lawyers, Best Lawyers in America and other organizations that rate attorneys are not designations that have been approved by the State Supreme Courts or the American Bar Association.